Creditor pressure? Thinking of a Prepack for your business?

Don’t jump out of the frying pan into the fire.

If your business is under cashflow pressure, and you are contemplating a Prepack, before you commit your financial future, think about the safer alternative.

Is a Prepack right for you?

It may look like an easy option, buying your business back for much less than the amount of debts, and being able to carry on without the pressure. However, it’s usually not quite as simple as it sounds. There are a number of aspects that are often not fully explained and traps that you can fall into, that can put you in a worse situation.

You will be paying for Insolvency fees, lawyers fees, valuer’s fees, advertising costs

Low fixed cost

When your customers find out you have been insolvent they may decide to go elsewhere

Retain Customers and grow your business

Legal process controlled by the court

Designed by business owners for business owners

May fall foul of the Insolvency Act 1986, Statements of Insolvency Practice 13 and 16

Completely legal and ethical

Directors Disqualification Act 1986 applies in every case

No Investigation required

Immediate cashflow problems – what’s your next move?

When the cashflow problem is immediate, there is no ignoring it. Contact us now to find a quick solution and relieve the immediate financial pressure so you can get back to making your business work - the way forward, made brighter.